Which of the Following Would Be Most Likely to Induce

question 27

Multiple Choice

Which of the following would be most likely to induce Congress and the president to conduct contractionary fiscal policy? A significant

• A)decrease in oil prices.
• B)decrease in real GDP.
• C)increase in inflation.
• D)increase in labor productivity.

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Definitions:

General Journal

An accounting book where all transactions are initially recorded, based on the double-entry bookkeeping system, before being transferred to specific accounts.

Accounts Receivable

Company receivables from goods or services provided to customers that remain unpaid.

Accounts Payable

Debts or financial obligations to vendors or lenders for products and services that have been acquired but remain unpaid.

Office Equipment

Office Equipment refers to the assets purchased for use in a business office, which may include computers, printers, furniture, and more, aiding in operational efficiencies.